Keynesian Economics: a device to create socialism.

[archangel689]

I ran across this article and I thought that some of you would find it thought provoking...

Ron Paul is incorrect in saying that the economic policies have failed. It's doing exactly what it is supposed to, generate socialism.... these bailouts are an effect of these Keynesian Economics.... an intended effect, intended with the goal of creating socialism so communism can then be implemented.

http://www.nolanchart.com/article5927.html
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The Degenerative Nature of Keynesian Economics
by Republicae
(libertarian)
Sunday, February 1, 2009

The last seventy years or so have proven the massive flaws in the official economic and monetary policies which are promoted by this government, but it appears that there are few who are either capable or willing to view these flaws regarding the solutions that are available to resolve those flaws. Evidently, during this latest economic dislocation, we will see yet another round of flawed economics and monetary policy emanating from the Keynesian mentality that permeates the official realms of our government.

Keynesian Economics was created to create problems and not offer solutions. That seems to be a radical statement however, when you judge that statement in the light of the writings of those who knew John Maynard Keynes and his economic theories, it becomes apparent that they were well aware of the effects that Keynesian Economics would have on the well-being of the economy and that those effects would create the need for an ever-increasing amount of government intervention. Perhaps the clearest explanation of the effects of Keynesian Economics can be found in the writings of Keynes' contemporary and Socialist Comrade John Strachey. Strachey stated that Keynesian Economics was "an indispensable step in the right direction. The fact that the loss of objectivity, and the intrinsic value of the currency which is involved (i.e., inflation) will sooner or later make necessary, on pain of ever- increasing dislocation, a growing degree of social control . . . for the partial character of the policy will itself lead on to further measures. The very fact that no stability, no permanently workable solution can be found within the limits of this policy will ensure that once a community has been driven by events to tackle its problems, in this way, it cannot halt at the first stage, but must of necessity push on to more thorough going measures of re-organization."

More at : http://www.nolanchart.com/article5927.html

[Rauswaffen]

I was trying to explain Keynesian Economics to some people at work, I was so far over their head I could feel the air thinning. Now the Austrian School, they have their heads screwed on straight.

[Pector55]

I tend to disagree with the notion that Keynesian economics was utilized with Socialism and Communism in mind initially. I believe that the true intention has just been abused because our media and politicians have created a stigma in association with the term "recession." Recessionary periods are GREAT and mandatory part of the natural business cycle. Keynesian concepts can be applied to stabilize contraction periods in order to prevent emotion of the population to drive us into panic and deflationary periods. The problem is that our government (Evil R's and Evil D's) have become so competative, they began citing "oh nooos, we had a recession under President blah blah so vote for me." Because of this, politicians overspend to create artificial bubbles that never allow the natural recession to occur. Eventually, there will be a correction. The size of that correction is directly proportional to the amount of Keynesian economics applied prior. Right now, we have at least 40 years to answer for. (thinking back to Carter... it's probably much further.)

In my lifetime, Reagan took it to a whole other level, Clinton blew that out of the water, Bush shamelessly won the trophy, and Obama just showed that all before were merely noobs in the game. I feel we are in really big trouble but it won't hit the fan for another 5 years.

[dc dalton]

Originally Posted by Pector55

I tend to disagree with the notion that Keynesian economics was utilized with Socialism and Communism in mind initially. I believe that the true intention has just been abused because our media and politicians have created a stigma in association with the term "recession." Recessionary periods are GREAT and mandatory part of the natural business cycle. Keynesian concepts can be applied to stabilize contraction periods in order to prevent emotion of the population to drive us into panic and deflationary periods. The problem is that our government (Evil R's and Evil D's) have become so competative, they began citing "oh nooos, we had a recession under President blah blah so vote for me." Because of this, politicians overspend to create artificial bubbles that never allow the natural recession to occur. Eventually, there will be a correction. The size of that correction is directly proportional to the amount of Keynesian economics applied prior. Right now, we have at least 40 years to answer for. (thinking back to Carter... it's probably much further.)

In my lifetime, Reagan took it to a whole other level, Clinton blew that out of the water, Bush shamelessly won the trophy, and Obama just showed that all before were merely noobs in the game. I feel we are in really big trouble but it won't hit the fan for another 5 years.

Well said sir.

As far as how many years we have to pay for? I'm thinking all the way back to FDR

Now as far as this INANE article that Keynesian Economics were created to drive countries into socialism? Total poppycock ... the person that wrote this article is doing nothing more than attempting to add 2 plus 2 and come up with 22.

Keynesian Economics are, if nothing more, the pompous arrogant attitudes of men that think they can control and or correct the natural cycles of economics via playing with interest rates and money. What they in fact do most of the time is make these bust and boom cycles worse than they need to be and when they do manage to 'calm' the cycle they are in fact making the next cycle more erratic.

Given the amount of 'playing' they have done over the past 50 years shows in the asinine swings we have seen over the past 20 years, the highs get higher and the lows get lower and I hate to say it but tis low is going to be a mother.

The natural waves of economics are actually quite simple to understand once you get your 'head into it' ... one great way to look at 'natural economics' is to understand the kontradieff wave.

More links: http://www.google.com/search?hl=en&n...ve&btnG=Search

Just as with anything else when men feel they can (and attempt to) control natural waves there is usually hell to pay.

[RCN]

Originally Posted by dc dalton

The natural waves of economics are actually quite simple to understand once you get your 'head into it' ... one great way to look at 'natural economics' is to understand the kontradieff wave.

More links: http://www.google.com/search?hl=en&n...ve&btnG=Search

Just as with anything else when men feel they can (and attempt to) control natural waves there is usually hell to pay.

Nice. I haven't had anyone pull Kontradiefft out on me in a long time.

However, I refuse to believe such a cycle exists. Why? Because the first search page from Google doesn't have a Wikipedia hit... Therefore it must be made up because the internets never lie.

[dc dalton]

Originally Posted by RCN

Because the first search page from Google doesn't have a Wikipedia hit... Therefore it must be made up because the internets never lie.

Just gotta look: http://en.wikipedia.org/wiki/Kondratiev_wave

#1 in Google: http://www.google.com/search?hl=en&q...&oq=Kondratiev

The problem is so many people (myself included) tend to spell it wrong (damn Russian names)